ENI S.p.A. (NYSE:E) announced a None dividend on Friday, August 4th, Zacks reports. Investors of record on Tuesday, September 19th will be given a dividend of 0.676 per share by the oil and gas exploration company on Friday, October 6th. This represents a yield of 5.86%. The ex-dividend date is Monday, September 18th.
ENI S.p.A. has decreased its dividend by an average of 17.6% annually over the last three years. ENI S.p.A. has a dividend payout ratio of 103.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect ENI S.p.A. to earn $1.90 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 71.1%.
Shares of ENI S.p.A. (NYSE:E) opened at 32.98 on Friday. The firm has a market capitalization of $60.04 billion, a price-to-earnings ratio of 65.70 and a beta of 0.75. ENI S.p.A. has a 1-year low of $26.15 and a 1-year high of $34.62. The company has a 50-day moving average price of $31.75 and a 200 day moving average price of $31.58.
ENI S.p.A. (NYSE:E) last posted its earnings results on Friday, July 28th. The oil and gas exploration company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.18. ENI S.p.A. had a return on equity of 2.23% and a net margin of 1.14%. The business had revenue of $17.20 billion during the quarter. On average, equities research analysts predict that ENI S.p.A. will post $2.29 EPS for the current year.
Several research firms recently commented on E. BidaskClub upgraded ENI S.p.A. from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group cut ENI S.p.A. from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. BNP Paribas cut ENI S.p.A. from a “neutral” rating to an “underperform” rating in a research report on Sunday, May 28th. Exane BNP Paribas cut ENI S.p.A. from a “neutral” rating to an “underperform” rating in a research report on Friday, May 26th. Finally, Zacks Investment Research cut ENI S.p.A. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.
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About ENI S.p.A.
Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.
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